Oil giant BP is back in the black after overcoming spill costs to record half-year profits of £1.2bn



 Oil giant BP is back in the black after recording half year profits of £1.2billion.
The figure exceeded expectations and the firm’s share price rose by 3 per cent in morning trading.
Results were markedly different between quarter one and quarter two as the company was hit with a £570million charge in the second quarter after quitting exploration in Angola.
Group chief executive Bob Dudley said: 'We continue to position BP for the new oil price environment, with a continued tight focus on costs, efficiency and discipline in capital spending.' 
Nicholas Hyett, equity analyst at Hargreaves... read more

 
1 August 2017 in Business, Views: 58
Source: Daily Mail
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